Clients often ask us, “How often should we evaluate the taxability of our products?” An annual review should work. Most states change their sales tax rate laws on either Jan. 1 or July 1, by the calendar year or by the fiscal year.
SaaS
Speaking of confusion, we often see a problem with companies knowing the actual taxability of what they’re selling. In the technology world especially, it’s not always cut and dry what’s being sold.
Contractors
A contractor is generally defined as someone who provides improvements to real property on a lump sum contract basis, and at first glance, the sales and use tax requirements for a contractor seem quite simple.
Exemption certificates
A sales tax exemption certificate alleviates a company from collecting and remitting sales tax on certain products and services. The purchaser – not the retailer/business – has the responsibility for determining whether a sale is exempt from tax.
Source: www.taxconnex.com
Latest Posts in "United States"
- US Sales Tax Holidays 2026: Dates, States, and Eligible Purchases Explained
- Sales Tax Vendor Discounts by State: Save Money for Early or On-Time Payments
- US Sales Tax Compliance: Essential Guide for Marketplace Facilitators and Remote Sellers
- After US Supreme Court Ruling: New Tariffs, Exemptions, and US-EU Trade Reactions
- Supreme Court Strikes Down US Emergency Tariffs: Refunds Possible for Affected Companies?
